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Fxkart.com

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India

Founded in

2013 (12 Years)

Founded

Last online: No recent activity


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0.00

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1.67

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Security Information

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    What are the differences in regulations for each

    License

    A Grade License

    Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

    B Grade License

    Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

    C Grade License

    Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

    D Grade License

    From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

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    Company Information

    Get to know Fxkart.com

    Fxkart, an online aggregator of RBI-licensed foreign exchange dealers, offers foreign exchange market place to forex customers. It delivers online forex services in India along with the cheapest money conversion rates for INR to foreign currency conversions. The company is present in all major cities in India and provides fair forex rates in various cities like Bangalore, New Delhi, Mumbai, Pune, Kolkata, Chennai, Hyderabad, Ahmedabad, and Gurgaon. Founded in 2015, Fxkart received seed funding from founder Mushtaq Shah and strategic advisor Faraz Naqvi. It also earns a share from the dealers' margin for providing businesses to them.

    Industry

    • Financial Other ServicePRIMARY

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